Home » Governor amends Virginia’s budget bill to increase rainy-day reserves over changes in Washington

Governor amends Virginia’s budget bill to increase rainy-day reserves over changes in Washington

Governor amends Virginia’s budget bill to increase rainy-day reserves over changes in Washington

RICHMOND,Va.(AP)—RepublicanGov.GlennYoungkinsaidonMondaythathehopedtobolsterVirginia’srainy-dayfundby$300millioninlightofeconomicuncertaintysurroundingtheWhiteHouse’soverhauloffederaljobsanditsimpactonthestate’sworkforce. Atanewsconference,Youngkinannouncedhehadmorethan200amendmentstoabipartisanbudgetbilladoptedlastmonthbytheVirginiaGeneralAssembly,includingtrimmingstatespendingtoaddadditionalfundstoVirginia’scoffers. The$300millionwouldbeontopofnearly$295millionalreadyslatedtobesetasideoverthebiennium.YoungkinsaidthereservedrevenuewouldgiveVirginiaacushionof$5billion. “Itenablesustofeelconfidentthatifthereisabumpintheroad,wecandealwithit,”hesaid. Youngkin’sannouncementcomesafteramixofroughly1,000VirginianfederalworkersandcontractorshavefiledclaimsforunemploymentsincetheendofJanuaryafterPresidentDonaldTrumpandadviserElonMuskbegancuttingjobsandprogramsinWashington,stateoffici